INTRODUCTION TO ENTREPRENEURSHIP
IMPORTANCE OF ENTREPRENEURSHIP IN ECONOMIC DEVELOPMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Donut sales will decrease.
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Donut sales will increase.
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The profit margin for donuts will decrease.
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The profit margin for donuts will increase.
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Detailed explanation-1: -Annika, the purchasing specialist for Dottie’s Donut Shop, just located a new, less expensive sugar supplier. Dottie does not plan to lower donut prices. If Annika buys the shop’s sugar from this cheaper supplier, what is likely to happen? Donut sales will decrease.
Detailed explanation-2: -To make such a decision, the purchasing specialist should consider his/her company’s production capabilities and the costs of making the need-ed parts. If the business is capable of making the needed parts and the cost would be low, then the company is likely to make the part versus buying it.
Detailed explanation-3: -Why should purchasing specialists develop positive relationships with their suppliers? to help ensure that the suppliers will follow through on their promises.
Detailed explanation-4: -The buying center of a business can complicate how a sale occurs. The marketing manager will also have to deal with three different types of rebuys-new buy, modified rebuy and straight rebuy.
Detailed explanation-5: -Retail buyers, on the other hand, purchase goods from. wholesalers or manufacturers to resell to consumers. Buying for transformation. To transform something means to change. its shape or appearance Purchasing specialists who buy items for transformation.